Kensington Capital Acquisition Corp. V
General Information | |
Business: | We intend to focus our search in the North American and European industrials sector. (Incorporated in the Cayman Islands) We intend to source initial business combination opportunities through our management team’s extensive network of industrials sector business owners, public and private company executives and board members, investment bankers, private equity and debt investors, high net worth families and their advisors, commercial bankers, attorneys, management consultants, accountants and other transaction intermediaries. Justin Mirro, our chairman and CEO, is an automotive investment banker who began his career at General Motors as a tool and die manufacturing engineer. He is the founder of Kensington Capital, an investment firm that focuses on the automotive industry. Mr. Mirro also served as the chairman and CEO of Kensington Capital Acquisition Corp., or Kensington SPAC I, a blank check company that went public in June 2020. On Nov. 25, 2020, Kensington SPAC I completed its initial business combination with QuantumScape Corp., which is developing next generation battery technology for electric vehicles and other applications. He also served as the chairman and CEO of Kensington Capital Acquisition Corp. II, which raised $230 million in its IPO in March 2021; this SPAC’s stock trades on the NYSE under the symbol KCAC and its warrants under the symbol KCAC WS. On June 9, 2021, Kensington SPAC II announced it had entered into a business combination agreement with Wall Box Chargers, S.L., a provider of electric vehicle (EV) charging solutions; this agreement is subject to shareholder approval. (Note: Kensington Capital Acquisition Corp. V upsized its SPAC IPO at pricing on Aug. 12, 2021, to 24 million units, up from 22.5 million units in its prospectus, and priced each unit at $10 to raise $240 million. When the blank check company initially filed its IPO terms on July 16, 2021, it had planned to sell 26 million units. The deal’s size was trimmed in an S-1/A filing dated Aug. 9, 2021.)
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Industry: | BLANK CHECKS |
Employees: | 0 |
Founded: | 2021 |
Contact Information | |
Address | 1400 Old Country Road, Suite 301 Westbury New York 11590 |
Phone Number | (703) 674-6514 |
Web Address | |
View Prospectus: | Kensington Capital Acquisition Corp. V |
Financial Information | |
Market Cap | $340.0mil |
Revenues | $0 mil (last 12 months) |
Net Income | $0 mil (last 12 months) |
IPO Profile | |
Symbol | KCGI.U |
Exchange | NYSE |
Shares (millions): | 24.0 |
Price range | $10.00 - $10.00 |
Est. $ Volume | $240.0 mil |
Manager / Joint Managers | UBS Investment Bank/ Stifel |
CO-Managers | - |
Expected To Trade: | 8/13/2021 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |